Khashoggi/Possino no match for the Truthseeker->Arrests in Bank-Affaire: 4 General Partners in jail
Z-8: pay back a BITCH for CRIMINAL REGIS POSSINO who DUN US WRONG!!
diepresse.at
article translated
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Die Presse - Economist
Arrests in Bank-Affaire: 4 General Partners in jail
Wolfgang Koessner and three persons closely affiliated with hime have been arrested on Friday...
Vienna. Latest news in the criminal case around the General partners group which emerged out of the WMP Bank and Residenz Immobilien: Friday the criminal force of the Klagenfurt Police has arrested 4 persons - amongst them the head of the group, W. Koessner. Criminal police dept. head W. Fischer mentioned it was reasoned by imminent danger of flee and conceal.
Only 3 weeks ago first investigations have been commenced in Klagenfurt, after the Hypo-Alpe Adria Bank informed the federal attorney and accused the group of grave criminal offense.
Koessner, so the accusations, has stolen funds through his complicated nested group of companies amongst them is the exchange traded General Partners Immobilien. Investors and creditors lost "several 100 Millions" (10M Euros) - the presse exclusively covered the case earlier.
During the fraud the balance of assets and liabilies has been misrepresented to investors in order to use the invested monies for own businesses, according to the affidavit from Hypobank which itself lost more then 100 Millions.
Hypobank believes that the means have been concealed in Liechtenstein trusts. Aside from Koessner, also his brother Martin has been arrested. The 2 other persons being arrested are former employees of Deloitte & Touche which was the auditor of Koessner and companies.
Only thursday Koessner explained that he sees " no danger of insolvency" for General Partners after GP declared a loss of 268Million ATS for 2000. He expected that he can get rid of the debt until March (2002?) through asset sales...
Just a reminder about WPM Bank Inc and the people behind it.;
Possino/Kashoggi/Saxena/Berthamieu article translated from
news.at
Vienna trip of an arms dealer.
The legendary saudi arms dealer Adnan Kashoggi has been negotiating with the kaernter Hypo-Alpe-Adria bank and, with the help of some international finance artists (not mean’t in a positive way), has taken over control of the small viennese WMP Bank Inc. The police authority for economic matters is investigating.
For Wolfgang Kulterer the meeting was so vivid that it was as if it had been yesterday: at the end of November the head and 52% owner of the kaernter regional bank – the Hypo-Alpe-Adria bank Inc. was invited to talks in Vienna’s Nobel Imperial hotel. A certain Raoul Berthaumieu wanted to introduce the bank boss to a business associate of his. „I took our company lawyer with me just to be on the safe side“.
In the imperial hotel the banker was introduced to a small, round man with a moustache – none other than Adnan Kashoggi. The 65 year old saudi businessman earned most of his money in the 70’s, when 80% of US arms trade went through his hands. Ten years later on this has turned the uncle of Dodi Al-Fayed (the crash victim and sweet-heart of the british Princess Diana), into a dollar multi-millionaire and one of the worlds richest men. So quickly had he earned his millions, so quickly have they melted away again. Until now, the luxury and the beautiful women with which the saudi surrounds himself has been but legend. Then from his 2000 hectare property in the spanish millionaires dorado of Marbella, Kashoggi travelled to Vienna in order to develop business plans. „Mr Kashoggi suggested various projects and wanted to open accounts with us“ told Hypo banker Kulterer, „I had however rejected it“. The meeting in the hotel had been arranged by the Kashoggi confidant Raoul Berthaumieu: The native canadian first showed up in Vienna the previous summer, when he took over the post of chairman of the board for the small WMP Bank Inc.
This became possible due to changes brought about by stockholders of the WMP: Through the US-stockholders of WMP (coming out of the remnants of the Vienna Wiener Immobiliengesellschaft Residenz Inc „real estate agent“) a US-company of the name of Global Capital Partners Inc. had taken over a dominant roll. Result: The proportion of Austrian shareholders in the bank (a deeply spread out and complex group), led by the Viennese Wolfgang Koessner, fell from forty to nine percent. Koessner, together with his female lawyer Ursula Xell Srkeiner, is fighting against the new owners of the WMP: " the indications are multiplying that a group of major criminals have made themselves at home at the bank." A FORMAT dossier describes who, through the means of WMP’s reduced bank license regulations for stockbroker transactions, has since autumn been calling the shots in Vienna’s Schlickgasse 1 (see facsimiles):
Raoul Berthaumieu, 56, officiates as new head of the supervisory board: According to US newspapers, the native Canadian was already sentenced in 1991 in the US Federal State of Arkansas due to cheque fraud, and has also appeared in the USA under the name of Lee Sanders. Recently Berthaumieu has been operating from Brussels with Pacific Federal Inc., and takes care of matters through his weekly visits to Vienna, staying in Vienna’s Imperial hotel as is suitable for someone of his position. The Kaerntner Hypo Alpe Adria has granted him a hundred million credit for the financing of two warehouses in Belgium.
As a trusted friend of Berthaumieu, an extremely interesting individual from canadian Vancouver has surfaced; the native Indian Rakesh Saxena, 48. The meekly mannered finance artist (again a negative implication), came into the spotlight in June 1996 when at the Bangkok Bank of Commerce, after it came to light that US-billions ($1 = 15.4 Schillings) had disappeared. Subsequent to this the thai authorities have accused Saxena to be responsible for the collapse the bank, after he famously disappeared with 33 US-billion Schillings ($2.14 US-billion). Saxena, " Thailand most wanted man" ("Asiaweek "), took off for Vancouver just in time. The Thai authorities seek his immediate return, but so far in vain. Since the time of the bank failure in Thailand, Adnan Kashoggi and Rakesh Saxena have both known each other and value the others support: the thai authorities also accuse Kashoggi of being involved in the collapse of the bank, and have already issued a warrant of arrest against him in 1997. From the dossier it follows that the duo Saxena/Kashoggi bought at least ten per cent of the Viennese WMP bank in the previous autumn. The consequence was that before the end of the year the WMP was renamed to the General Commerce bank. Saxena stated to Format Magazine: " Mr. Kashoggi regards Vienna as an interesting trading centre."
Regarding the day to day operations of the bank, the 52 year-old american Regis Possino has recently been a cause for concern. Mr Possino has recently set himself up in 172 square metres of luxury in a furnished appartment in Vienna’s Radisson SAS Palace (monthly rental: 62,500 Schilling/ $4,060), and was unwilling to make any statement to Format Magazine. According to US newspaper reports, Possino an ex- california state lawyer, is banned from operating in the industry after receiving convictions for drug dealing and fraud. Hypo bank boss Kulterer, to whom the WMP bank had likewise granted loans like those to the head of the supervisory board (Berthaumieu), noticed as far back as October that, according to his own account, strange deals had been carried out at the bank since the seizure of power. Kulterer stated: "securities transactions with weak shares, whose market price had obviously been driven up high, were taking place. I reported this in October to the head of bank supervision at the State Treasury. " The only consequence: On the 16th January 2001 the bank was placed under surveillance.
It is remarkable that Kulterer, despite the turbulant financing for the head of the banks supervisory board (Raoul Berthaumieu), carried on.
Kika head and Hypo bank President Herbert Koch was informed on the 13th February from Koessners lawyer Xell Skreiner, about the fact that „the bank is an instrument for the activities of an international group of previously convicted business criminals ".
After the head of the supervisory board (Berthaumieu) recently broke the agreement made in December with the Hypo bank on temporary suspension of activity, and through their lawyer Martin Oppitz, lodged a statement of the facts with the public prosecutor's office in Vienna, the police authority for economic matters has taken up an investigation into the affair under the act number II-164 / WP/01.
Hannes Reichmann
Statement: This is my own translation of the article available from www.format.at. The original german document should be viewed as the valid version.
The press-on-line file
Publication date: 08-03-2001 department: Economist
General of partner: Loss eats half capital stock up
VIENNA (apa). The stock exchange-noted real estate company general of partner - formerly residence - slipped deeply into the red numbers. In the previous year a balance loss of 268 Mill became. S gains. Since thereby more than the half capital stock is used up, a general meeting must be called up in accordance with law governing share transactions. Insolvency danger exists no, explained executive committee Wolfgang Koessner. As reason for the high loss it called the re-valuation of real estate properties. Until March 2002 become the enterprise by sales of real estates the debts from at present 118 Mill. S diminished, so Koessner. General of partner is located in close connection with the WMP bank, with which an insolvency procedure runs at present.
100 S correspond to 7.27 euro.
The press-on-line file
Publication date: 03-16-2001 department: Economist
Hostile exchange between group of ex residences and Hypo Alpe Adria bank
Obscure processes take place approximately around two stock exchange-noted societies: the earlier WMP bank - now general Commerce bank - and the earlier residence real estates, now general of partner.
OF CHRISTINE DOMFORTH AND MARTIN FRITZL
VIENNA. For the general of partner real estate possession (GPI) - even only a bankruptcy petition escaped - head of the company Wolfgang Koessner looks a strategic partner up. The reorganization of the fastened enterprise, the former residence AG, can succeed, to avowed Koessner now in the discussion with the " press ". It wants to take a real estate company - supposed from the foreign country - also on board. Koessner is convinced that the GPI would be a quite attractive bride: The enterprise carries along Koessners of losses brought forward from previous account at a value of two billion S, which profitabel a managing buyer could use fiscally well according to specification. No more involved is Koessner into the stock exchange-noted WMP bank - meanwhile in general Commerce bank renamed - where it once the threads pulled and to end 2000 in the supervisory board sat. Since that time the bank specialized in the security business was guessed/advised in the autumn in turbulences and is under receivership.
New gentlemen in WMP bank
Saying in the bank has meanwhile a Belgian-Dutch group. Koessner accuses to this group the transfer in " extremely dilettante " way to have carried out. Neither it gave information of the state supervision of the banks, nor the transfer commission was switched on. The transfer of the bank over the American holding company global Capital is nevertheless a 400-Mill.-S-Deal. Koessner assumes, the group around the new general Commerce bank Aufsichtsratschef Raoul Berthaumieu flat now also to take over the entire general of partner group in order to come for their part to the losses brought forward from previous account. With the Belgians in a boat sits the Kaerntner Hypo Alpe Adria bank, which already the entrance Berthaumieus with the general financed Commerce bank. According to rumors the weapon dealer Adnan Kashoggi behind the group is to be. At least Berthaumieu a meeting between Hypo boss caused Wolfgang Kulterer and Kashoggi. Kulterer, which had accompanied Joerg Haider in the previous year with its flight to of Libya head of state Muammar Gadhafi, rejected a closer connection with the dubious businessman according to own predicate however.
Kulterer takes the reproach, it wants general of partner to take over, with some humor. " in the life " he will never buy, said the enterprise he to the " press ". The Hypo already sold its proportion to the GPI and worth-corrected credits to the enterprise. Additionally one had to leave its coworker, who had co-operated closely with GPI, the house. In the GPI give it some obscure processes, thus to Kulterer. In addition above all the sales of the renowning real estate, the palace Auersperg belongs.
Loan illegally?
Also with the WMP bank Kulterer sees some obscure processes in the past. Thus the bank went a loan, without having a concession for it. The Hypo, which brought the loan into the market, has even a volume of 50 Mill. S taken over, partially of customers, in order to protect these, so Kulterer. Now this demand with an anticipated payment was sold by 40 per cent at Berthaumieu.
Berthaumieu has interest to bring order into the business of the bank. Against other messages the Belgian is completely respectable - it, Kulterer, let test this with the police. The Hypo took over a part of the financing for the bank purchase - thus Kulterer besichert by " first-class Belgian real estates ".
For the former responsible persons in the WMP bank the past might be quite final not yet. The public prosecutor's office is present a display, the suspicion is expressed in transacting of forbidden security business. Alleged damage of the business partner at that time CA.: a three-figure amount of millions.
100 S correspond to 7.27 euro.
The press-on-line file
Publication date: 03-13-2001 department: Economist
Ex manager places bankruptcy petition against general of partner
Real estates. The former residence AG - now GPI - should be insolvent, says a former manager.
OF MARTIN FRITZL AND CHRISTINE DOMFORTH
VIENNA. The earlier residence AG, once largest stock exchange-noted real estate company of the country, comes again into the headlines. Against the institute, at the beginning of the 90's in inclination was guessed/advised, and which was renamed in " general of partner real estate possession " (GPI), on passed Thursday a bankruptcy petition was brought in.
Applicant is Michael Hoeller, once member of the board in some companies in the surrounding field of the GPI. sound Hoeller salary claims was not settled, from which itself a requirement of 9,25 Mill. S results in, which was not paid despite declaration/agreement. A seizing did not have Hoeller at all desired, there this - so Hoeller to the " press " - was completely offering no prospects. The landed property of the GPI is pawned to the Gaenze. Therefore it submitted the bankruptcy petition immediately against the GPI as well as against their affiliated firm global partner. The GPI had only referred few weeks ago in a newsletter to shareholders to its " strained liquidity situation ". The enterprise, that already 1999 a balance loss of 40 Mill. S and a negative EGT of 30 Mill. S to accept had, admitted for the first three quarter 2000 a further degradation of the EGT.
In the periphery of the WMP bank
GPI executive committee Wolfgang Koessler was not attainable on Monday for a statement. On a bankruptcy petition placed by a private person can be decided by the commercial court only if hearing were given to the enterprise. This usually lasts two to six weeks.
Remarkable are also the processes, which with the stock exchange-noted general takes place at present Commerce bank (in former times WMP bank), which has partially the same owner as the GPI and from Koessner along-justified became. The bank is since Jaenner under receivership. This measure was imposed upon the request of the state supervision of the banks in the Treasury, because the institute could not fulfill its obligations.
The ownership structures of the small bank, which was active as boersenmakler, were always unclear. According to magazine reports from the weekend the Saudi weapon dealer Adnan Kashoggi could have entered there. New boss of the supervisory board is for some time Raoul Berthaumieu, which is to manage a company in Brussels named Federal Pacific. The executive committees the general Commerce bank - according to firm book Martin Koessner and Gerhard Diesner - are to be recalled when desired the Treasury still in this week. As new executive committees like Dorner - he comes hearing to from the surrounding field of the Hypo Kaernten - and a former coworker of American are an express in the discussion.
The press-on-line file
Publication date: 11-02-2000 department: Economist
Receivership imposed over the WMP bank
The problems of the small boersenmaklers are obviously many more serious than so far well-known.
OF CHRISTINE DOMFORTH
VIENNA. Over the stock exchange-noted WMP bank AG was imposed on 31 October the receivership. That experienced the " press " from reliable source. Alexander Gancz, in the state supervision of the banks of the Treasury responsibly for the case, refuses in addition each information.
The shares as boersenmaklers of active institute had been already suspended in the previous week of the trade at the Viennese stock exchange, the stock exchange membership had been suspended by WMP. Reason for this measure: The WMP, which has a reduced bank concession and may only make business with other banks , could not meet an obligation to another bank. WMP executive committee Martin Koessner placed thereupon in the discussion in prospect, one will have solved the problems within 72 hours.
Quite obviously that did not succeed, the problems seem to be far larger, than originally assumed. To around three-figure amounts of millions, several domestic major banks, amongst them BA and CA., go to hearing the WMP bank in the security business lines had granted. Private savings and investors does not have the bank because of their special business activity.
Vague ownership structure
The WMP bank, which concentrates particularly on the business with central and Eastern European securities, belonged according to company register to 51 per cent the general Commerce getting thing, the earlier Eastbrokers participation AG behind it is a US enterprise, which is traded on the Nasdaq.
Business or personnel connections there are further to the group of general partners (once residence) as well as to the Hypo Alpe Adria. The WMP group is active also in the area real estates and administration of an estate. The WMP bank exists since the year 1976. Their balance sheet total amounted to last 18 Mill. Euro (247.68 Mill. S) the operating result scarcely 200,000 euro.
Koessner also held a stake in EAST/ GCAP
sec.gov
sec.gov see Koessner
sec.gov 1,061,036 shares are owned indirectly through General Partners Beteiligungs
AG, formerly KHS Beteiligungs AG ("GP"), of which Mr. Kossner is
a principal stockholder. 200,000 shares were owned by Karntner Landes und
Hypothekenbank AG (the "Bank") as nominee for GP. Mr. Kossner
may be deemed to have shared voting and investment power with respect to these
shares. Also includes 32,500 shares held by the Bank as
nominee for Central and Eastern European Fund ( "Fund"), of which Mr. Kossner
is a director. The inclusion of such Fund shares shall not be
construed as an admission that Mr. Kossner is the beneficial owner of such
shares.
(3) On December 10,1999, the reporting person mistakenly filed a Form 4
reporting a purchase of 200,000 warrants that did not in fact occur. |
